Helia Group half-year profit falls 25% to $100.0 million, declares interim and special dividends
AI Market Summary
Helia reported a weaker half-year, with NPAT and revenue down 25% amid lower premiums and investment income following contract expiries and softer new volumes. Offsetting factors include renewed exclusive LMI relationships, including a new four-year ING agreement effective from July 2026, plus continued capital returns via an interim dividend, special dividend, and an extended A$75m buyback through end-2026. Near-term focus remains on capital strength and customer retention.
Impact level
● Low
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Helia Group reported half-year net profit of $100.0 million, down 25% from the prior period, on revenue of $215.6 million, also down 25%. The company declared an interim dividend of 16.0 cents per share, fully franked, and a special dividend of 27.0 cents per share, unfranked. It also extended its on-market share buyback program, targeting repurchases of up to a maximum value of $75 million by the end of 2026. Net tangible assets per security fell to $3.22 from $3.72.
